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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| HP Inc | NYSE:HPQ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.11% | 28.13 | 28.30 | 27.755 | 27.97 | 5,032,707 | 00:59:51 |
From Apr 2019 to Apr 2024
By Matt Grossman
HP Inc. shares declined on Thursday morning, a day after the Palo Alto, Calif.-based computing company reported lower-than-expected second-quarter revenue.
HP stock fell more than 11% Thursday morning to $15.21, after closing trading on Wednesday at $17.12.
In the second quarter, HP's revenue fell to $12.47 billion, from $14.04 billion a year earlier. The decline was sharper than analysts had forecast, according to FactSet, which had gathered a consensus estimate of $12.93 billion. Revenue from laptop and desktop computers fell 7% compared with last year.
HP declined to provide full-year earnings guidance, but forecast that third-quarter adjusted earnings will be between 39 cents a share and 45 cents a share.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
May 28, 2020 10:28 ET (14:28 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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